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Raymond James to buy retirement administration firm

December 10, 2020 - Raymond James Financial has an agreement to acquire NWPS Holdings, a Seattle-based independent provider of retirement plan administration, consulting, actuarial and administration services. Financial terms were not disclosed. The deal is expected to close before the end of the year. NWPS, which also does business as Northwest Plan Services, will continue to operate under its current name and its 160 employees will remain at the firm's current locations. The deal is a good strategic fit for the long-term growth strategy at St. Petersburg-based Raymond James (NYSE: RJF), said Paul Reilly, chairman and CEO. 

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